Zhaikmunai Board of Directors Recommends a Distribution of US$ 0.34 per Common Unit
Zhaikmunai Board of Directors Recommends a
Distribution of US$ 0.34 per Common Unit
Amsterdam, 29 May 2013. Zhaikmunai L.P. (LSE: ZKM) (“Zhaikmunai” or the “Partnership”) the oil and gas exploration and production enterprise with assets in north-western Kazakhstan, announces that at its meeting held on 23 May 2013 in Amsterdam, the Board of Directors of Zhaikmunai Group Limited, the General Partner of the Partnership, has recommended that a distribution of US$ 0.34 per common unit be made by the Partnership to the holders of common units, amounting to a total distribution of US$ 63,982,206.
The distribution is subject to approval by the limited partners of the Partnership at the Annual General Meeting to be held on 28 June 2013. Subject to such approval, the distribution will be paid out on a date prior to 30 September 2013 that is to be announced by the General Partner.
Further information
For further information please visit www.zhaikmunai.com
Further enquiries
Zhaikmunai LP – Investor Relations
Bruno G. Meere
Kirsty Hamilton-Smith
ir@nog.co.uk + 31 20 737 2288
Pelham Bell Pottinger
Philip Dennis
Elena Dobson + 44 (0) 207 861 32 32
About Zhaikmunai
Zhaikmunai is an independent oil and gas enterprise currently engaging in the production, development and exploration of oil and gas in north-western Kazakhstan. Its Global Depositary Receipts (GDRs) are listed on the London Stock Exchange (Ticker symbol: ZKM). Zhaikmunai’s principal producing asset is the Chinarevskoye field, in which it holds a 100% interest and is the operator, through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Zhaikmunai holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are approximately 60 and 120 kilometres respectively from the Chinarevskoye field.
Forward-Looking Statements
Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Partnership or its officers with respect to various matters. When used in this document, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should” and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.
